Shares in Vodafone Group PLC were cut to 'in-line' from 'outperform' at Goldman Sachs, dealers said.

In a note to clients, the broker said it believes the mobile phone group will outperform the market but not the European telecoms sector over the next 12 months.

It added it does not anticipate material earnings upgrades in the next six months and believes that Vodafone's advantages in its advanced preparation for 3G will take longer than that time frame to become evident.

But Goldman said Vodafone remains its top pick of the larger caps in the sector in the UK and its strong cash distribution is attractive and provides downside support.

Morning punters!

AVG - v. good trading update? Forward PE 6?
http://www.uk-wire.com/cgi-bin/articles/20041214070000P9E7E.html

AVM - expands in Indonesia
http://www.uk-wire.com/cgi-bin/articles/200412140700043431G.html

TDG - not the best update
http://www.uk-wire.com/cgi-bin/articles/200412140700053490G.html

PEN - contract with BAE
http://www.uk-wire.com/cgi-bin/articles/200412140700053475G.html

XPP - agreement with PFL
http://www.uk-wire.com/cgi-bin/articles/200412140700073533G.html

PET - Jordan
http://www.uk-wire.com/cgi-bin/articles/200412140700073515G.html

MIL - wanna financial advisor? ;-)
http://www.uk-wire.com/cgi-bin/articles/200412140700083538G.html

POG - "conservative" Russian reserves
http://www.uk-wire.com/cgi-bin/articles/200412140700093549G.html

ITRK - decent rading update
http://www.uk-wire.com/cgi-bin/articles/200412140700113554G.html

BUR - Congo. Deeper OWC in well 1301 may indicate more oil. Hmm
http://www.uk-wire.com/cgi-bin/articles/200412140700123561G.html

MGNS - good update
http://www.uk-wire.com/cgi-bin/articles/200412140700133564G.html

VEG - contract
http://www.uk-wire.com/cgi-bin/articles/200412140700143572G.html

PNT - BT and placing
http://www.uk-wire.com/cgi-bin/articles/200412140700253605G.html

CNM - ramping up manganese production due to demand
http://www.uk-wire.com/cgi-bin/articles/200412140700293621G.html

FTC - handset division. Hmm
http://www.uk-wire.com/cgi-bin/articles/200412140700323631G.html

MOB - looks a very good statement
http://www.uk-wire.com/cgi-bin/articles/200412140700173585G.html

GYG - spin-off company formed
http://www.uk-wire.com/cgi-bin/articles/200412140700233595G.html

PMO/ROC/HNR - found a bit of oil this week! LOL
http://www.uk-wire.com/cgi-bin/articles/200412140708313636G.html

GED - also found a bit of oil in Colombia
http://www.uk-wire.com/cgi-bin/articles/200412140700053500G.html

That's it I'm afraid. No time to go through any results today.

Have a good one.

I'm long CKN, DPH, ERT, GLD, TBK, TFC, UMC, ZYT

Morning all. Hope the new house is working out well, Al :-)

Morning all,just before the bell,,ding ding.

jj - cheers. Moving all week, one bit at a time.

anyone know if GLH is giving a trading statement today please

Anyone know if there is a way to get a streaming gold price, or
somewhere where you can get a price which is updated at intervals
during the day - free service really looked for....
Thanks and Be Lucky All!

A few Christmas party pics up now. Not as raucous an occasion as last year, probably because Ruth wasn't there, and not a bit of Burberry in sight... :-)

stockbunny - Take a look here. Not sure how up-to-date it is...

http://www.galmarley.com/framesets/fs_price_chart.htm

Thanks Greystone!

bunny - commodities

http://www.kitco.com/

http://www.livecharts.co.uk/MarketCharts/GOLDchartpage.htm

Stockbunny, If you don't mind a few adverts, you can get free
live streaming charts for most stuff here.

Melnibone.

http://www.livecharts.co.uk/MarketCharts/GOLDchartpage.htm

Sorry, pasted the link instead of inserting it.
See if this is any better for clicking on.

Melnibone.